Welcome to the 31st installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China’s top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors.
This week, we analyze why China plans to grant overseas investors greater access to the country’s financial market. We look at Apple’s removal of the popular Skype voice and instant messaging service from its China app store after being informed it violated local rules. We are amazed at the news that two Boeing 747 jumbo jets were sold in an online auction on Alibaba’s Taobao. We explain how a deadly fire in Beijing slowed deliveries across the city. We discuss the demise of Wuhan Huantou, a local government-backed bike-rental service in the capital of Hubei Province, in the face of pressure from the shared bikes that have flooded into cities across China. We learn that Air China has suspended flights from Beijing to North Korea’s capital due to weak demand. We explore how Chinese social networking giant Tencent briefly passed U.S. peer Facebook in market value to become the world’s fifth-most-valuable company.
In addition, we talk with Caixin senior editor Doug Young about microlending in China, and have a conversation with Caixin editor Poornima Weerasekara about a child abuse scandal in a Beijing kindergarten.
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